Financial Summary (All financials)
| In millions of CNY, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 14,575.7 | 15,024.2 | 17,015.1 | 13,408.4 | 8,886.4 | 3,707.4 | 134.0 | 44.8 |
| Revenue growth | -3.0% | -11.7% | 26.9% | 50.9% | 139.7% | 2666.9% | 199.4% | 1330.3% |
| Cost of goods sold | 0.0 | 0.0 | 8,492.1 | 0.0 | 4,373.4 | 1,619.3 | 30.3 | -15.8 |
| Gross profit | 14,575.7 | 15,024.2 | 8,523.0 | 13,408.4 | 4,513.0 | 2,088.0 | 103.7 | 60.5 |
| Gross margin | 100.0% | 100.0% | 50.1% | 100.0% | 50.8% | 56.3% | 77.4% | 135.2% |
| Sales and marketing | 2,604.3 | 2,813.9 | 2,690.8 | 1,812.3 | 1,467.4 | 647.2 | 52.6 | 35.5 |
| Research and development | 1,131.8 | 1,167.7 | 1,095.0 | 760.6 | 346.1 | 208.6 | 23.3 | 9.3 |
| General and administrative | 624.7 | 763.2 | 1,527.3 | 640.0 | 422.0 | 259.7 | 22.9 | 10.4 |
| EBITA | 2,108.4 | 2,646.2 | 3,689.3 | 3,408.0 | 2,478.8 | 998.3 | 6.0 | -26.1 |
| EBITA margin | 14.5% | 17.6% | 21.7% | 25.4% | 27.9% | 26.9% | 4.5% | -58.4% |
| Amortization of intangibles | 109.1 | 157.3 | 158.0 | 93.0 | 4.8 | | | |
| EBIT | 1,999.4 | 2,488.9 | 3,531.3 | 3,315.0 | 2,474.0 | 998.3 | 6.0 | -26.1 |
| EBIT margin | 13.7% | 16.6% | 20.8% | 24.7% | 27.8% | 26.9% | 4.5% | -58.4% |
| Pre-tax income | -2,095.1 | 2,898.5 | 3,867.9 | 3,439.5 | 2,549.7 | 990.4 | 13.4 | -25.4 |
| Income taxes | 822.6 | 755.6 | 883.8 | 699.6 | 445.0 | 34.6 | 0.1 | 0.0 |
| Tax rate | | 26.1% | 22.8% | 20.3% | 17.5% | 3.5% | 0.7% | 0.0% |
| Net income | -2,913.7 | 2,103.5 | 2,970.9 | 2,815.8 | 2,148.1 | 979.0 | 13.7 | -83.1 |
| Net margin | -20.0% | 14.0% | 17.5% | 21.0% | 24.2% | 26.4% | 10.2% | -185.6% |
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| Diluted EPS | ($7.20) | $4.65 | $6.58 | $6.50 | $5.17 | $2.41 | $0.03 | ($0.97) |
| Shares outstanding (diluted) | 404.7 | 452.1 | 451.2 | 433.1 | 415.3 | 407.0 | 401.4 | 85.3 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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